Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity and related information:

	Number of Options	Weighted Average Price CAD$		Weighted Average Years
Balance, December 31, 2022	75,626,960	$	0.86	3.46
Forfeited/Expired	(11,458,334)	$	0.65	—
Balance, March 31, 2023	64,168,626	$	0.83	2.94

Summary of Stock Options Values using Black-Scholes Model with Key Assumptions

In determining the amount of equity-based compensation during the period ended March 31, 2022, the Company used the Black-Scholes option pricing model to establish the fair value of options granted with the following key assumptions:

	Three Months Ended March 31,
	2022
Risk-Free Interest Rate	2.42	%
Expected Life	5.00 years
Expected Annualized Volatility	71.30	%
Forfeiture rate	—	%
Expected Dividend Yield	—	%